Gold near-term roadmap: sub $2400 incoming for a bullish dip?

Part of my ongoing analysis, see links below.

We are retracing as expected,
Bulls look to be tired for now.
Early plot suggest three targets.

$ 2315/16 "Speed Bump" needs to slow the drop.

$ 2401.37 - 2403.55 is the "Minimum Expected".
$ 2391.36 - 2391-91 is the "Best Guess" target.
$ 2382.46 - 2383.83 is the "Worst Case" target.

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Big Picture plot looking for $2700

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Pullback plot looking for $2307 bounce:

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Bounce topping alert at $2450

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评论:

BOOM

Collapsed into our "Worst Case" and going lower apparently.

Will evaluate this drop and post updated analysis.

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